Here is Why First Solar (FSLR) Soared This Week

The share price of First Solar, Inc. (NASDAQ:FSLR) surged by 18.89% between June 26 and July 3, 2025, putting it among the Energy Stocks that Gained the Most This Week.

Here is Why First Solar (FSLR) Soared This Week

A solar panel farm with an orange sky illuminating the vast landscape.

First Solar, Inc. (NASDAQ:FSLR) is a leading American solar technology company and global provider of responsibly produced, eco-efficient solar modules.

The American solar energy industry, including First Solar, Inc. (NASDAQ:FSLR), received a boost this week after the final approved draft of President Trump’s sweeping tax and spending bill turned out to be more flexible towards the industry than its earlier versions. Though the legislation will still phase out the industry’s much-needed tax credits sooner than expected, the phaseout is more gradual than the previous versions of the bill, which had a hard deadline of December 31, 2027.

First Solar, Inc. (NASDAQ:FSLR) also received a boost after RBC Capital analyst Christopher Dendrino raised the stock’s price target from $188 to $200, while maintaining an ‘Outperform’ rating on its shares.

While we acknowledge the potential of FSLR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.